How Marc Andreessen And Elon Musk Really Got Richhttp://www.businessinsider.com/how-andreessen-musk-really-got-rich-2014-1/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Fri, 18 Aug 2017 01:27:35 -0400Julie Borthttp://www.businessinsider.com/c/52d805dc6bb3f7e57c810fd9Meatbone9Thu, 16 Jan 2014 11:16:28 -0500http://www.businessinsider.com/c/52d805dc6bb3f7e57c810fd9
There are more stories of CEOs buying at the bottom and getting flushed down the toliet along with the company. Fine line between having vision and being blinded by ego.http://www.businessinsider.com/c/52d77b39eab8ea913e99f74enobody smart reads biThu, 16 Jan 2014 01:24:57 -0500http://www.businessinsider.com/c/52d77b39eab8ea913e99f74e
He was 'broke' because he invested all of his money into SpaceX and Tesla, and he was low on free cash while dealing with a divorce settlement.http://www.businessinsider.com/c/52d72c44eab8ea5f0d99f745Money ManWed, 15 Jan 2014 19:48:04 -0500http://www.businessinsider.com/c/52d72c44eab8ea5f0d99f745
Like Amazon, Tesla considers marketshare more important than short term profits.
This may be especially true for cars where the economy of scale makes a huge difference.http://www.businessinsider.com/c/52d72761ecad04ed2c99f742HErmWed, 15 Jan 2014 19:27:13 -0500http://www.businessinsider.com/c/52d72761ecad04ed2c99f742
A few years ago, I read the same thing. Technically, all his money was in companies he had stock in. Back then none of the companies actually made any money. Tesla now has made a pittance one quarter.http://www.businessinsider.com/c/52d7176b6bb3f71d0d99f742HahaWed, 15 Jan 2014 18:19:07 -0500http://www.businessinsider.com/c/52d7176b6bb3f71d0d99f742
Today I shall double down on my lottery purchases.http://www.businessinsider.com/c/52d712946bb3f77d7f99f746shoeWed, 15 Jan 2014 17:58:28 -0500http://www.businessinsider.com/c/52d712946bb3f77d7f99f746
Obvious, but I'll state it anyway. You have to be wise, and frankly a bit lucky to know when to properly double down, not just do it when your initial investment has cratered. Most are not so wise nor connected. Many a person has been bankrupt by chasing the falling knife. Bravo for Marc however..a visionary.http://www.businessinsider.com/c/52d711ac6da811eb6999f759jamesxxxxxxxxxxxxWed, 15 Jan 2014 17:54:36 -0500http://www.businessinsider.com/c/52d711ac6da811eb6999f759
Everything I've heard says Musk made very little at PayPal.
He was *broke* a few years ago.
He's only 'rich' on massively inflated valuation of Tesla - thanks to massive government $$$ and Hollywood support.
And the kindness of the SV elite willing to cough up for a fancy electric car, instead of one of the other ones floating around.